Deals
James River to Buy International Resources for $475 Million
This article is for subscribers only.
James River Coal Co., an owner of mines in Appalachia and the Illinois Basin, is buying International Resource Partners LP for $475 million to boost coal output and shipping.
James River, based in Richmond, Virginia, is buying a company with mines that produced 1.9 million tons of coal last year, it said in a PR Newswire statement. Most of that was so-called metallurgical coal.